Online Grocery Market Forecast with Potential Impact, Despite COVID-19 Pandemic, Finds FMI 2022 - 2030

 The global online grocery is projected a massive 23% year-on-year growth for the online grocery market between 2020 and 2030. In its latest report, FMI studies the scope for expansion of the market across the globe and examines investment feasibility in key segments.

  • Personalized and smart packaging are likely to dominate the online grocery shopping scene. FMI’s data, revealing that packed food has comfortable lead over other product types, reiterates the same observation
  • Presence of a high percentage of millennial has sealed East Asia’s position as a highly lucrative market for online grocery
  • Subscriptions segment is poised to surge at a higher CAGR among purchaser type. Subscription based online shopping is expected to gather steam as consumers look for better convenience and personalized solutions
  • Walmart Inc. has entered into a strategic partnerships with four third-party delivery providers which are Point Pickup, Skipcart, AxleHire, and Roadie to help the company provide on-time delivery to its customers
  • In India Domino’s Pizza, Uber, Rapido, Swiggy, Zomato, and other have ventured into grocery delivery in collaboration with online grocers such as BigBasket and Grofers and retail chains such as Big Bazaar and Spencer

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